by Terry Kindler, The Daily Coin:
With the blow-dried bobble-heads and their guests over at CNBC calling for $30.00 – $35.00 per barrel oil, and others predicting $20.00, or even $10.00 oil, it’s high time for a more rational look at the price of oil.
The oil price, for the last decade or so, has been in a pattern where it alternates between periods where the overall trend is up, and others where it is down. Let’s see if you can spot the trend in the chart below.
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